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Oil supertankers in Gulf are renting for $500,000 per day: Report

Summary by Middle East Eye
Oil supertankers in Gulf are renting for $500,000 per day: Report Submitted by MEE staff on Wed, 08/19/2026 - 21:10 A fund that allows investors to bet on crude oil freight rates has surged more than 2,000 percent since the start of year In this picture, obtained from Iran's ISNA news agency and taken on 2 May 2026, the Gambia-flagged tanker Bili is anchored in the Strait of Hormuz off Bandar Abbas in southern Iran (Amirhossein Khorgooei/ISNA…

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Oil supertankers in Gulf are renting for $500,000 per day: Report

Oil supertankers in Gulf are renting for $500,000 per day: Report Submitted by MEE staff on Wed, 08/19/2026 - 21:10 A fund that allows investors to bet on crude oil freight rates has surged more than 2,000 percent since the start of year In this picture, obtained from Iran's ISNA news agency and taken on 2 May 2026, the Gambia-flagged tanker Bili is anchored in the Strait of Hormuz off Bandar Abbas in southern Iran (Amirhossein Khorgooei/ISNA…

·London, United Kingdom
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Middle East Eye broke the news in London, United Kingdom on Wednesday, August 19, 2026.
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